Ronald Mcdonald House Charities Of Nashville Tn Inc
- Assets
- $22.0m
- Revenue
- $3.2m
- Investments
- $3.0m
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 03/1990
- Data as of
- 12/2023
- EIN
- 62-1310717
Organization Overview
Ronald Mcdonald House Charities Of Nashville Tn Inc is located in Nashville, TN. The organization was established in 1990. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ronald Mcdonald House Charities Of Nashville TN Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Ronald Mcdonald House Charities Of Nashville TN Inc generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO KEEP FAMILIES CLOSE BY PROVIDING RESOURCES FOR FAMILIES OF CRITICALLY ILL CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, WITH CONTINUED COVID-19 RESTRICTIONS, WE REMAINED OPEN SERVING 308 FAMILIES. THESE FAMILIES CAME FROM 95 COUNTIES IN TENNESSEE AND 66 COUNTIES IN KENTUCKY AS WELL AS 44 OTHER STATES, 2 U.S. TERRITORIES AND 14 FOREIGN COUNTRIES.THE NASHVILLE HOUSE REQUESTS THAT FAMILIES PAY $15 PER NIGHT. HOWEVER, THE PRIMARY GOAL IS TO KEEP THESE FAMILIES TOGETHER AND NEVER REFUSE SERVICE BECAUSE A FAMILY IS UNABLE TO PAY. IN 2023, 86.4% OF GUEST FAMILIES COULD NOT AFFORD TO PAY ANYTHING TO STAY IN OUR HOUSE. THE AVERAGE MONTHLY OCCUPANCY IN 2023 WAS 65% AND THE AVERAGE LENGTH OF STAY WAS 21 NIGHTS. MID YEAR, VOLUNTEERS WERE WELCOMED BACK TO THE HOUSE, OUR AMAZING MEAL GROUPS, VOLUNTEERS AND SUPPORTERS PROVIDED 297 MEALS FOR FAMILIES IN 2023. THE RONALD MCDONALD FAMILY ROOM REOPENED IN LATE JULY 2023 AND HAS SERVED MORE THAN 437,313 INDIVIDUALS WITH AN AVERAGE OF 1,800 VISITORS PER MONTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billy Ray Caldwell Jr President | OfficerTrustee | 4 | $0 |
Tyler Muesch President Elect | OfficerTrustee | 4 | $0 |
Karen Hackett Secretary | OfficerTrustee | 4 | $0 |
Brian Edwards Treasurer | OfficerTrustee | 4 | $0 |
Anna Claire Wammack General Member | Trustee | 4 | $0 |
Todd Verhoven VP Of Communications | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Truesense Marketing Inc Direct Mail Service | 12/30/23 | $233,682 |
Paychex Leased Employee Service | 12/30/23 | $726,835 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $382,129 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,542,165 |
| Noncash contributions included in lines 1a–1f | $87,289 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,924,294 |
| Total Program Service Revenue | $6,898 |
| Investment income | $295,933 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$47,499 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,179,626 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,806 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $233,682 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,553 |
| Advertising and promotion | $0 |
| Office expenses | $152,705 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $266,202 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,913 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $151,722 |
| Insurance | $37,533 |
| All other expenses | $1,686 |
| Total functional expenses | $1,752,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,111,012 |
| Savings and temporary cash investments | $6,885,050 |
| Pledges and grants receivable | $118,790 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,863,698 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,023,839 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,002,389 |
| Accounts payable and accrued expenses | $110,287 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $110,287 |
| Net assets without donor restrictions | $16,164,697 |
| Net assets with donor restrictions | $5,727,405 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $22,002,389 |